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Depreciation

This query is : Resolved 
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(Querist)
16 September 2014 can we charge dep on asset purchased on 28th Marh 2014, for FY 2013-14
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 September 2014 Yes you can charge depreciation provided its put to use.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 September 2014 additionally it shall be provided 50 % as its used only for 4 days if at all it was used.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 September 2014 As per income tax 50% of applicable deprecation will be allowed if the asset is put to use for less than 180 days.
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